Floating Production News


Tetragon Energy Advances Oil and Gas Exploration Activities off Philippines

Jul 13, 2026

Australia-listed Tetragon Energy has awarded a seismic reprocessing contract to DUG Technology as it begins the exploration phase of its offshore oil and gas program in the Philippines.The contract covers the reprocessing of four existing 3D seismic surveys spanning more than 4…

Israel Steps Up Mediterranean Gas Search

Jul 07, 2026

Israel has launched its fifth competitive process to search for more natural gas in the country's economic waters, Energy Minister Eli Cohen said on Monday, seeking to bolster domestic reserves while increasing exports.Israel's gas needs are served by a number of fields off its Mediterranean coast…

Gastech 2026 to convene global energy leaders in Bangkok as Asia accelerates demand, LNG investment and system transformation

Jul 02, 2026

Gastech 2026 will take place in Bangkok, Thailand from September 14-17, 2026, uniting global decision makers and energy leaders to address urgent supply security and system resilience priorities amid mounting geopolitical instability.Positioned…

MODEC Advances Construction of Brazil-Bound Gato do Mato FPSO

Jul 02, 2026

MODEC has completed the forward hull section of floating production, storage and offloading (FPSO) vessel Gato do Mato, marking a key construction milestone for the Brazil-bound offshore production unit.The forward hull section, built at Sumitomo…

Floating Nuclear: A New Offshore Energy Frontier

Jun 25, 2026

For decades, floating nuclear power occupied a niche position in the energy debate – technically feasible, strategically intriguing, but commercially marginal. Today, however, combined pressures of decarbonization, energy security, land constraints…

Perenco Inks Gas Sales Deal for Vietnamese Offshore Field

Jun 22, 2026

Perenco has signed a gas sales and purchase agreement (GSPA) for the Su Tu Trang Phase 2B development in Block 15-1 offshore Vietnam, marking a key commercial milestone for a project aimed at boosting domestic gas supplies and supporting the country's energy security…

Eni and Petronas Launch Southeast Asia Gas Joint Venture Searah

Jun 08, 2026

Eni and Petronas have officially established Searah, a new 50/50 joint venture combining selected businesses across Indonesia and Malaysia, creating what has been described as Southeast Asia's largest independent integrated energy company.The…

Indonesia Targets Higher Oil and Gas Output in 2027

Jun 03, 2026

Indonesia's upstream oil and gas regulator SKK Migas told a parliamentary hearing on Wednesday that it will aim to lift 612,500 barrels of oil per day (bpd) and 5,469 million standard cubic feet per day (mmscfd) of gas next year.Indonesia's…

Vantage Drilling Agrees to $258M Takeover by Eldorado Drilling

Jun 01, 2026

Vantage Drilling has entered into a merger agreement under which Norway-based Eldorado Drilling will acquire the offshore drilling contractor in a transaction valuing the company's equity at approximately $257.6 million.Under the agreement, Vantage shareholders will receive $19…

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

Jun 01, 2026

BP and its partners have started non-associated gas (NAG) production at the Azeri-Chirag-Gunashli (ACG) field offshore Azerbaijan, marking the first commercial gas production from one of the world's largest oil-producing fields.The initial gas…

Eni Inks Long-Term Indonesia LNG Supply Agreements

May 22, 2026

Eni has signed three long-term agreements with the liquefied natural gas (LNG) sellers of the South Hub and North Hub gas projects in Indonesia to purchase LNG, strengthening its global LNG portfolio and expanding supply from the Southeast Asian country…

Indonesia Locks In LNG Supplies from Inpex' Abadi and Eni’s South Hub

May 22, 2026

A unit of Indonesian state utility Perusahaan Listrik Negara said on Friday it had signed heads of agreement with Italy's Eni and Japan's Inpex to buy 830 cargoes of liquefied natural gas, or about 48.5 million metric tons, between 2027 and 2047…

Indonesia Puts 13 Oil And Gas Blocks on Bidding Round Offer

May 21, 2026

Indonesia is offering 13 oil and gas blocks in the first bidding round of 2026, with total estimated resources of 16 billion barrels oil and 81.85 trillion cubic feet of gas, senior energy ministry official Laode Sulaeman said on Wednesday.Here…

Indonesia Signs Eight Oil and Gas Contracts

May 20, 2026

Indonesia's upstream oil and gas regulator SKK Migas signed eight oil and gas contracts on Wednesday at the Indonesia Petroleum Association conference, with total estimated resources of around 13.8 trillion cubic feet of gas.Here are some details…

Current News

Chevron Enlists Velesto’s Jack-Up Rig for Drilling Job off Malaysia

ABL Gets Papua New Guinea FSO Job

Energean Lifts Karish Fields FPSO Oil Processing Capacity

Oil Rises on Dual Shipping Threat in Hormuz and Red Sea

ADNOC Approves $6.2B Offshore Umm Shaif Gas Project

Velesto Frees Up Drilling Rig After Early Contract Termination off Indonesia

Jadestone Energy Lifts Malaysia Production with Second Online Well

Searah Malaysia Starts Upstream Oil and Gas Operations

Inpex Starts Construction of Indonesia's Abadi LNG Project

Hormuz Crossings Decline as US Renews Iran Blockade

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